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bottletop

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Posts posted by bottletop

  1. just been talking to a work collegue who wants to move closer to work. She paid 80k for a terraced house 2 years ago, and is now trying to sellf for 150k. She immediately put in an offer of 150k (accepted) for a house on the assumption hers would be snapped up....it hasn't been. No viewings at all.

    To top it off the vendors of the house she put in an offer on have told her they're accpeting a smaller offer from someone who is not part of a chain. Gazundered.

  2. looks like indebted italy are in a bit of trouble with the euro....cheap lira holidays coming our way soon?

    euro godfather recommends lira's return

    Robert Mundell, the Nobel Prize-winning theorist of currency unions, told the ECB conference that Italy faced certain "disaster" outside EMU, warning that interest rates on its huge public debt (106pc of GDP) would spiral out of control.

    But the latest data from the European Commission shows that Italy's predicament is becoming untenable. Unit labour costs have risen 38.7pc since 1995, while Germany's costs have fallen 1.3pc through a squeeze on wages and rising productivity. The gap is continuing to widen, driving Italy deeper into recession.

    Rome has devalued in the past to rectify such massive imbalances, but this is no longer possible within the eurozone.

    Otmar Issing, the ECB's chief economist, said: "Several countries did not fully understand what signing the Maastricht Treaty and joining EMU would imply."

    looks like paying too much to unproductive members of the workforce (or society in general) is not the way to financial happiness. GB take note

  3. i didnt know the people of scotland lived 175 miles out to sea ?

    I though everybody knew that scotland's ownership of oil rich seas stretches up to the nowegian beaches and down to the gulf of mexico???

    Typical of the "greedy english ba.stards" for wanting to share it out amonst all the population of this island instead of keeping it all for themselve like those overly charitable jocks, who are not at all renowned for being a bunch of tight-arsed ginger losers. oh no. :ph34r:

  4. Nuclear Fussion is the answer.

    There's a joint venture underway to develop and design a commercial fussion reactor.  Europe, America, Japan and Russia are all coming together to pool the knowledge gained from the past 30 years of R&D to make this happen.

    ITER (International Thermonuclear Experimental Reactor) will take 10 years to build and is hoped to produce resuklts in a further 10.

    Everything is ready to go if only everyone could decide where to build it.  Europe wants France, Japan wants it on there own turf.  If a decision isn't made Europe plans to go it alone.

    That won't help at all. Even if the results are extremely positive from one reactor in 20 years time (your timescale) then it will take another 20 years to commision, build and introduce another 100 (200? 500?) that will be needed by then

  5. Every time oil price rises, it gives an incentive to look for more oil. But I am afraid that present oil prices are too cheap ($55/barrel) that oil companies simply won't look for more oil. Oil needs to hit roundabout $100 for these greedy companies to get serious and start nvesting some real money in oil exploration.

    Thats' right - I read somewhere that the oil companies spent $8 billion dollars to find $4 billion of oil last year or the year before.

    Even if oil doubles in price they have no return on the money spent looking for oil, so you can imagine it having to more than double for them to make a return on exploration costs.

  6. Have you seen the stuff in the papers today about the couple from Cambridgeshire that are raffling their 270k house for £25 per ticket so they can buy a hotel? Maybe it's because they can't sell it? Can't be bothered to work out the maths for how they can profit from it...

    I though you had to have a licence to run a lottery? If they can find 10800 suckers with £25 each they deserve to get the money.

  7. him and is gf take home about 300 a month more than me and mine.

    Our total debt is 28k on a mortgage. If we can't afford it we don't buy it.

    F**k him, basically. Spent it like Beckham but living in Peckham.

    lloyds just kept throwing money at us my wife went for a 3k loan and walked out with 13k no problem

    Yeah, me too mate. Every time I went to make a deposit they offered me loans/cc's/ platinum accounts. I just said no.

  8. "If they are going to die, they had best hurry up and do it, and decrease the surplus population!"

    It's always been the case before now that relieving poverty for africans was done because there was the belief that it would lead to a better life for them and their children....in a world with seemingly endless amounts of resources, given enough time and money we can all live like the west

    Now the stark reality is they really do have no future - we'll be lucky to have one ourselves. If you're poor in an expanding global economy with expanding available resources and you're prepared to work like a dog as in china you've got a chance...if you live as a subsitence farmer in a drought ridden continent, with corrupt and despotic leaders, where oil will become increasingly scarse and ever more expensive to transport produce to where it's needed, you may find yourself in a spot of bother.

    We can ship millions of tons of grain and medicines there at vast expense, and yet at the end of the day (i.e. witihin our lifetimes )it will make absolutely no difference whatsover because lack of natural resources will simply lead to far worse starvation as now but on a much,much larger scale.

    If you see an alternative, then please let us know how you see then next 30 years panning out

  9. Let's face it, if the other thread on peak oil is correct and it will be the third world who end up paying the highest price when it comes to the predicted die-off....what exactly is the point of stuffing them full of food right now?

    All that will happen is you keep them alive, they'll reproduce, and in twenty years you'll have twice as many starving as right now, with twice the suffering, and twice the demands put upon us to feed them.

    The whole problem is global population. As long as we keep people alive and keep pumping up the numbers of humans the eventual die off will be even bigger when it hits.

    We should accept that a gradual decline in population is the correct course - just as people in this country produce fewer kids, so must they in Africa....and sort the problem out amongst themselves one way or another, whether it's famine or war or contraception, they'd be advised to choose the most palatable option before nature makes the choice for them

  10. let's face it, the chances of a state pension being anything but means tested in 25 years time is extremely slim. I'm not going to pay in to a private pension all my life to have it taxed to death when I retire and then denied benefits.

    I'm quite happy to save a couple of hundred quid a month into gold now, and when I retire I'll sell it off for what I paid for it + it's natural increase in value due to inflation.

    I'll have no bank savings, so no visible income, and I'll claim every benefit I'm entitled to having paid in for it for 30+ years. I will also have my gold savings to supplement my income through private cash sales.

    I will not pay some city t@sser 2% a year to gamble with my savings in any form of reitrement fund

  11. I work with someone who sold their original house, bought a new build at double the price, and at the same time used 10k of the new mortgage to buy a new alfa (it even had an air vent fall off on the trip home, just like they're supposed to)

  12. the US debt is so big they will have no choice but to inflate it away. They set interests rates to maintain growth, not to target inflation like we do in the UK

    Just as the "strong dollar policy" was maintained vocally but not through action, so I think the "no inflation" policy will be all talk and little or no action.

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